The Black Equity Initiative of the Inland Empire has launched the Black Equity Fund (BEF) A regional, pooled fund with a preliminary goal of raising five million dollars over two years.
The fund is taking an innovative approach to its initiative in alignment with the guiding principles of the Trust-Based Philanthropy Project.
The IECF Board of Directors voted Monday night to make a $150,000 commitment to the Fund.
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Teach for America is a social venture that hires graduating seniors from some of the most selective colleges and offers them with five-week training courses before unleashing them for a minimum of two years in some of the country’s worst classrooms.